On December 19, 2001, the face amount of marketable U.S. government and federal agency securities held in custody by the Federal ReserveBanks for foreign official and international accounts was $ 733,833 million, a change of $ + 346 million for the week. The total includes$ 600,626 million of U.S. government securities and $ 133,207 million of federal agency securities. The total includes the face value ofU.S. Treasury strips and other zero coupon bonds.1 Face value of the securities.2 Net of $ 18,807 million (daily average over statement week) and $ 18,728 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 18,807 million (daily average) and $ 18,728 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 2,926 million (daily average) and $ 2,204 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.3 Includes $ 9,711 million of inflation-indexed securities valued at the original face amount and $ 935 million of compensation that adjusts for the effects of inflation on the principal of such securities.4 Cash value of agreements arranged through third-party custodial banks. These agreements are collateralized by U.S. government and federal agency securities.5 Consists of required clearing balances of $ 8,583 million and adjustments of $ 553 million to compensate for float.6 Excludes required clearing balances and adjustments to compensate for float.

* Estimated (Treasury's figures).Components may not add to totals due to rounding.

Worksheet for H.4.1 (a)

CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKSMillions of Dollars

Change Since

ASSETS

*

Wednesday Dec 19, 2001

Wednesday Dec 12, 2001

Wednesday Dec 20, 2000

Gold certificate account

11,045

0

- 1

Special drawing rights certificate account

2,200

0

0

Coin

1,079

+ 9

+ 125

Loans

44

- 74

- 81

Acceptances

0

0

0

Repurchase agreements -- triparty (1)

37,700

- 4,800

+ 11,990

Federal agency obligations (2)

Bought outright

10

0

- 120

Held under repurchase agreements

0

0

0

U.S. government securities (2)

Bought outright--Bills

186,484

- 107

+ 3,857

Notes (3)

265,920

+ 2,074

+ 26,791

Bonds (4)

103,179

+ 92

+ 10,396

Total bought outright (5)

555,584

+ 2,060

+ 41,045

Held under repurchase agreements

0

0

0

Total U.S. government securities

555,584

+ 2,060

+ 41,045

Total loans and securities

593,338

- 2,814

+ 52,834

Items in process of collection

(1,026)

9,101

- 968

- 3,233

Bank premises

1,518

0

+ 66

Other assets (6)

35,527

+ 591

+ 1,807

TOTAL ASSETS

(1,026)

653,807

- 3,182

+ 51,597

LIABILITIES

Federal Reserve notes

602,936

+ 4,755

+ 46,146

Reverse repurchase agreements -- triparty (1)

0

0

0

Deposits

Depository institutions

16,772

- 10,959

+ 2,906

U.S. Treasury--general account

7,174

+ 2,582

+ 2,393

Foreign--official accounts

622

+ 328

+ 395

Other

(0)

208

- 8

- 3

Total deposits

(0)

24,775

- 8,059

+ 5,691

Deferred availability cash items

(1,026)

8,398

+ 188

+ 201

Other liabilities and accrued dividends (7)

2,605

- 59

- 1,770

TOTAL LIABILITIES

(1,026)

638,714

- 3,175

+ 50,268

CAPITAL ACCOUNTS

Capital paid in

7,355

- 10

+ 333

Surplus

6,725

- 3

+ 4,046

Other capital accounts

1,012

+ 5

- 3,051

*Figures in parentheses are the eliminations made in the consolidation process.1 Cash value of agreements arranged through third-party custodial banks.2 Face value of the securities.3 Includes $ 5,739 million of inflation-indexed securities valued at the original face amount and $ 573 million of compensation that adjusts for the effects of inflation on the principal of such securities.4 Includes $ 3,972 million of inflation-indexed securities valued at the original face amount and $ 362 million of compensation that adjusts for the effects of inflation on the principal of such securities.5 Net of $ 18,728 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,204 million that are fully collateralized by otherU.S. government securities.6 Includes assets denominated in foreign currencies, revalued daily at market exchange rates.7 Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments.Components may not add to totals due to rounding.

MATURITY DISTRIBUTION OF LOANS AND SECURITIES, December 19, 2001

Millions of dollars

U.S. governmentsecurities (1,2)

Federal agencyobligations(2)

Loans

Holding

Weeklychanges

Holdings

Weekly change

RepurchaseAgreementsTriparty(3)

ReverseRepurchaseAgreementsTriparty(3)

Within 15 days

40

21,405

+ 5,465

0

0

25,700

0

16 days to 90 days

3

118,662

- 6,150

0

0

12,000

0

91 days to 1 year

0

131,635

+ 2,044

0

0

------

------

Over 1 to 5 years

151,727

+ 634

10

0

------

------

Over 5 to 10 years

53,317

+ 70

0

0

------

------

Over 10 years

78,838

- 4

0

0

------

------

Total

44

555,584

+ 2,060

10

0

37,700

0

1 Includes $ 9,711 million of inflation-indexed securities valued at the original face amount and $ 935 million of compensation that adjusts for the effects of inflation on the principal of such securities.2 Includes face value of securities held under repurchase agreements classified by the remaining maturity of the agreements.3 Cash value of agreements arranged through third-party custodial banks classified by remaining maturity of the agreements.Components may not add to totals due to rounding.

H.4.1 (b)

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON December 19, 2001Millions of dollars

ASSETS

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas City

Dallas

SanFrancisco

Gold certificate account

11,045

546

4,451

454

538

741

871

1,028

343

143

317

477

1,136

Special drawing rights certif. acct.

2,200

115

874

83

104

147

166

212

71

30

66

98

234

Coin

1,079

56

68

42

63

168

121

120

60

34

72

130

146

Loans

44

4

0

0

1

0

3

12

3

4

8

0

9

Acceptances

0

0

0

0

0

0

0

0

0

0

0

0

0

Repurchase Agreements -- triparty(1)

37,700

0

37,700

0

0

0

0

0

0

0

0

0

0

Federal agency obligations(2)

Bought outright

10

1

4

0

1

1

1

1

0

0

0

0

1

Held under repurchase agreements

0

0

0

0

0

0

0

0

0

0

0

0

0

U.S. government securities(2)

Bought outright--Bills

186,484

11,204

76,390

7,660

10,918

11,141

12,823

21,121

6,721

582

5,756

3,381

18,788

Notes (3)

265,920

15,977

108,930

10,922

15,568

15,886

18,286

30,118

9,585

830

8,208

4,821

26,791

Bonds (4)

103,179

6,199

42,266

4,238

6,041

6,164

7,095

11,686

3,719

322

3,185

1,870

10,395

Total bought outright(5)

555,584

33,381

227,586

22,820

32,527

33,191

38,204

62,924

20,025

1,733

17,148

10,072

55,974

Held under repurchase agreements

0

0

0

0

0

0

0

0

0

0

0

0

0

Total U.S.govt. securities

555,584

33,381

227,586

22,820

32,527

33,191

38,204

62,924

20,025

1,733

17,148

10,072

55,974

Total loans and securities

593,338

33,385

265,290

22,821

32,528

33,191

38,207

62,937

20,029

1,737

17,157

10,072

55,984

Items in process of collection

10,127

541

1,092

529

509

730

1,017

653

588

742

567

340

2,820

Bank premises

1,518

92

178

49

152

133

285

106

42

123

49

137

172

Other assets(6)

35,527

1,825

12,902

1,295

2,085

4,794

2,326

3,343

947

661

954

903

3,493

Interdistrict settlement account

0

- 2,690

-18,943

- 1,644

- 1,854

+10,920

+ 5,553

+ 4,629

+ 182

+11,750

- 1,043

+ 2,978

- 9,838

TOTAL ASSETS

654,833

33,869

265,911

23,629

34,124

50,824

48,545

73,028

22,262

15,220

18,139

15,136

54,147

1 Cash value of agreements arranged through third-party custodial banks. These agreements are collateralized by U.S. government and federal agency securities.2 Face value of the securities.3 Includes $ 5,739 million of inflation-indexed securities valued at the original face amount and $ 573 million of compensation that adjusts for the effects of inflation on the principal of such securities.4 Includes $ 3,972 million of inflation-indexed securities valued at the original face amount and $ 362 million of compensation that adjusts for the effects of inflation on the principal of such securities.5 Net of $ 18,728 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,204 million that are fully collateralized by other U.S. government securities.6 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates.

Components may not add to totals due to rounding.

H.4.1 (c)

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON December 19, 2001Millions of dollars

LIABILITIES

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas City

Dallas

SanFrancisco

Federal Reserve notes

602,936

31,306

249,555

21,731

30,463

44,296

45,127

67,625

21,172

13,862

16,714

13,628

47,458

Reverse repurchase agreements--triparty(1)

0

0

0

0

0

0

0

0

0

0

0

0

0

Deposits

Depository institutions

16,772

925

3,274

764

1,677

1,962

1,179

2,728

385

437

550

669

2,220

U.S. Treasury--general account

7,174

0

7,174

0

0

0

0

0

0

0

0

0

0

Foreign--official accounts

622

2

598

1

2

7

2

3

1

1

1

1

3

Other

208

1

130

1

2

52

0

8

1

0

10

2

2

Total deposits

Deferred credit items

9,424

612

1,136

546

471

748

923

788

278

578

367

388

2,588

Other liabilities and accrued dividends (2)

TOTAL LIABILITIES

639,740

33,011

262,695

23,160

32,772

47,305

47,449

71,428

21,948

14,944

17,747

14,778

52,502

CAPITAL ACCOUNTS

Capital paid in

7,355

418

1,504

221

665

1,756

534

775

149

180

191

163

798

Surplus

6,725

358

1,468

228

472

1,679

495

632

138

96

179

188

792

Other capital accounts

1,012

81

244

19

215

83

67

193

27

0

22

6

55

TOTAL LIABILITIES AND CAPITAL ACCOUNTS

654,833

33,869

265,911

23,629

34,124

50,824

48,545

73,028

22,262

15,220

18,139

15,136

54,147

FEDERAL RESERVE AGENTS' ACCOUNTS

F.R. notes outstanding

753,040

35,907

293,928

28,468

35,167

55,510

64,779

75,036

24,095

16,066

21,175

33,219

69,689

Less--Held by F.R. Banks

150,104

4,601

44,373

6,737

4,704

11,215

19,652

7,411

2,923

2,204

4,462

19,591

22,231

F.R. notes, net

602,936

31,306

249,555

21,731

30,463

44,296

45,127

67,625

21,172

13,862

16,714

13,628

47,458

Collateral held against F.R. notes

Gold certificate account

11,045

Special drawing rights

certificate account

2,200

Other eligible assets

0

U.S.govt. and agency securities(3)

589,691

Total collateral

602,936

1 Cash value of agreements arranged through third-party custodial banks. These agreements are collateralized by U.S. government and federal agency securities.2 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments.3 U.S. government and agency securities bought outright or held under repurchase agreement are valued at face amount. Includes cash value of repurchase agreements under triparty arrangements and excludes the par value of securities pledged under reverse repurchase agreements.